The man who arguably made the first call about the imminent collapse of the subprime market, Michael Burry, "really went after Goldman" at a speech at Vanderbilt University (where he was in med school) on Monday night.

Burry noted that e-mails have subsequently been disclosed that reveal Goldman Sachs orchestrated a short squeeze “to cause maximum pain” to existing shorts in order to get in on the trade themselves at better levels, according to Hunter from the Distressed Debt Investing blog, who was at the speech.

1. “We should start killing the . . . shorts in the street... This will have people totally demoralised.” - Mr Swenson wrote in an e-mail to Deeb Salem, a trader, in May 2007

2. In another e-mail, he said Goldman should reduce prices on CDSs to “cause maximum pain” for existing holders of credit insurance.

The emails were published after the Senate called Goldman to testify about the cause of the financial crisis.

Clearly Burry saw them, and he is pissed that he didn't make as much money as Paulson.

Burry told the audience that he was "forced to sell his corporate CDS and side pocket his subprime bets," according to Hunter, because Goldman and the rest of Wall Street were "marking against him" and his investors were growing uneasy with the unconventional trade (which they surely now regret).

Also interesting: "He is amazed that Paulson didn’t realize the extent of sub-prime exposure given his tenure at Goldman," according to Hunter.

Here's what Burry said about what he's investing in, according to Hunter:

He was very reluctant to reveal details of what he is investing in now